FinnCap Reaffirms Corporate Rating for Frontier Developments (FDEV)

January 18th, 2019 - 0 comments - Filed Under - by Tyrone Williams

FinnCap reaffirmed their corporate rating on shares of Frontier Developments (LON:FDEV) in a report published on Tuesday morning.

Several other equities research analysts have also recently issued reports on the company. Peel Hunt restated a buy rating on shares of Frontier Developments in a report on Monday, October 1st. Berenberg Bank reissued a buy rating on shares of Frontier Developments in a report on Thursday, November 8th. Finally, Liberum Capital reissued a buy rating on shares of Frontier Developments in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, Frontier Developments presently has an average rating of Buy and a consensus target price of GBX 1,522.50 ($19.89).

Shares of LON FDEV opened at GBX 890 ($11.63) on Tuesday. Frontier Developments has a 52-week low of GBX 288 ($3.76) and a 52-week high of GBX 1,540 ($20.12).

In other news, insider James Mitchell sold 5,121 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of GBX 852 ($11.13), for a total value of £43,630.92 ($57,011.52).

Frontier Developments Company Profile

Frontier Developments plc develops and publishes video games for the interactive entertainment sector in the United Kingdom and internationally. It develops games across various platforms using its cross platform technology. The company was founded in 1994 and is based in Cambridge, the United Kingdom.